In planning a competitive acquisition, answer the following.
1. Explicate when competition is and is not required in federal contracting.
2. Explain at least three (3) major problems or issues related to full and open competition in federal contracting.
3. Explain and elaborate on the requirements that must be met in order to solicit under anything other than full and open competition.
4. Give your opinion as to whether the FAR ought to include a step-by-step process for conducting source selection. Explain your answer in detail.
Use at least three (3) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.